New
Agreement Follows Strategic Alliance For Providing VeriSign Intelligence
and Control Services for Network Security As Part of Sun Managed Security
Services
HostReview.com
Wednesday, February 25, 2004; 12:00 AM
MOUNTAIN
VIEW, CA – February 25, 2004 - VeriSign, Inc. (Nasdaq:VRSN), the
leading provider of critical infrastructure services for the Internet
and telecommunications networks, today announced that it reached an agreement
with Sun Microsystems, Inc. (Nasdaq: SUNW) to provide VeriSign Intelligence
and Control Servicessm for Network Security, including Managed Firewall
and Intrusion Detection Systems, to protect Sun's internal networks from
viruses, hacking, and other malicious activity.
This agreement
follows the recently announced strategic alliance in which VeriSign will
deliver comprehensive, integrated network security solutions through the
new Sun Managed Security Services (SMSS) offering. SMSS includes vulnerability
assessment and around the clock management and security threat monitoring
leveraging VeriSign Intelligence and Control Services for Network Security.
"VeriSign
is pleased to have been chosen by Sun to help maintain the integrity of
their internal systems and data, and to offer these same services to enterprise
customers under the Sun Managed Security Services umbrella," said
Judy Lin, executive vice president and general manager, VeriSign Security
Services. "Utilizing VeriSign's services, both Sun and its customers
can take advantage of the intelligence that comes with partnering with
a company that has the largest breadth and number of devices under management
to more efficiently identify and react to malicious activity."
VeriSign's
role in operating crucial parts of the Internet's critical infrastructure
has given the company unique experience in operating networks that must
be highly available, open, and secure. Furthermore, the data gathered
through these activities gives the company unique visibility into Internet
security trends and developing patterns of attack. Similarly, Sun's experience
in deploying highly reliable networks around the globe, combined with
data gained through its system telemetry activities, provides unique insights
into scalability and reliability concerns.
By correlating
this intelligence with information gathered at the Intra-Enterprise and
Inter-Enterprise level, Sun and VeriSign can process millions of annual
security events, weed out false alarms, and rapidly identify and mitigate
malicious incidents. Moreover, the service provides customers with highly
tailored intelligence about their own security environment, providing
customers with control over everything from prioritizing patching to weighing
business and security risks.
"With
new security risks surfacing almost every day, enterprises realize they
must take the steps necessary to protect their information systems and
the data they contain," stated Tom Wasilczyk, vice president of IT
Operations, Sun Microsystems. "Sun will not only be better equipped
to defend against such activity, but together with VeriSign, we are working
to protect other enterprises as well."
SMSS can
be deployed as a standalone security solution or as a component of a comprehensive
multi-sourcing strategy, giving the customer more choice and control over
the solution than offerings from other vendors. Furthermore, it is the
only integrated MSS offering that is SunTonesm certified, a mark of excellence
in IT operations and management. SMSS will be available globally in February
2004 as fixed-priced subscription services.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), delivers critical infrastructure services
that make the Internet and telecommunications networks more intelligent,
reliable and secure. Every day VeriSign helps thousands of businesses
and millions of consumers connect, communicate, and transact with confidence.
Additional news and information about the company is available at http://www.verisign.com.
For more
information, contact:
VeriSign Media Relations: Brendan P. Lewis, brlewis@verisign.com, 650-426-4470
VeriSign Investor Relations: Kathleen Bare, kbare@verisign.com, 650-426-3241
Statements
in this announcement other than historical data and information constitute
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements involve risks and uncertainties that could cause VeriSign's
actual results to differ materially from those stated or implied by such
forward-looking statements. The potential risks and uncertainties include,
among others, the ability of VeriSign to successfully develop and market
new services and customer acceptance of any new services; the risk that
VeriSign's announced strategic relationships may not result in additional
products, services, customers and revenues; and increased competition
and pricing pressures. More information about potential factors that could
affect the company's business and financial results is included in VeriSign's
filings with the Securities and Exchange Commission, including in the
company's Annual Report on Form 10-K for the year ended December 31, 2002
and quarterly reports on Form 10-Q. VeriSign undertakes no obligation
to update any of the forward-looking statements after the date of this
press release.
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